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The future of Chile international superstar Alexis Sanchez at Arsenal remains up in the air despite several months of contract negotiations.

The 28-year-old forward has entered the last 12 months of his current Arsenal contract and wants more than £400,000-weekly to remain at the Emirate Stadium.

Transfer discuss are still ongoing and Arsenal manager Arsene Wenger is still very hopeful that the Manchester City target will remain at the North London club.

But three top European clubs are still trying hard to lure the Chilean away from the Emirate Stadium.

According to Transfermarketweb, Premier League Champions Chelsea, Manchester City and Ligue 1 giant Monaco are all preparing a late offer for the former Barcelona attacker.

All three suitors have more than enough funds at their disposal and can afford to pay Sanchez the mammoth wages he is demanding.

While Etihad giant Manchester City are showing a lot of interest, the London Blues could have the upper hand in this transfer.

Alexis Sanchez still loves life in the City of London and may favour to make a move across London rather than move to a new city.

Rumour surrounding his future looks set to linger up until the summer transfer window closes on Thursday.

The Arsenal contract rebel could make his first appearance of the new Premier League season in their clash at Liverpool today.